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BEV - Sonnedix inks €260 million agreement for Italian solar projects

IPP Sonnedix secured a €260 million green loan for renewable energy projects in Italy, including two PV plants totaling 200MW capacity. The financing involves European banks like Banco Bilbao Vizcaya Argentaria and Crédit Agricole. Sonnedix CEO Axel Thiemann emphasized Italy's importance and their commitment to over 1.5GW pipeline. Sonnedix recently started its largest European solar project in Portugal and inked a 10-year PPA with Equinix. The Italian solar market is active, with Lightsource bp selling a 294MWp portfolio, and Westbridge Renewables entering with 62MW of solar PV. Italy saw record-breaking solar PV electricity generation in 2023 and targets 4GW of additional solar power. Solar Media will host Large Scale Solar Europe in Lisbon, Portugal, exploring solar manufacturing, market panels, and planning bottlenecks among other topics.


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